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basic finance. Basic Finance Nicholas Miles MBA 503 Thomas Snow April 4,
2007 Group # SV06MBA06 The main purpose of studying finance ...
... Practicing being able to sell, understanding marketing, basic finance, and executing
basic operational plans will give the CEO a good overall understanding of ...
... To be able to finance a company, a project, or any future venture, you must have
knowledge of basic accounting and the theories and principles that are a part ...
... My experience at Roche Bros and the two banks have taught me about marketing
techniques, sales, business communication and basic finance. ...
... Because of this feedback loop, Microsoft BASIC became a de facto standard, and ... and
“Ratios”) http://screen.yahoo.com/stocks.html http://finance.yahoo.com ...
Submitted by milespt on May 9, 2007
Category: Business
Words: 878 | Pages: 4
Views: 460
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Basic Finance
Nicholas Miles
MBA 503
Thomas Snow
April 4, 2007
Group # SV06MBA06
The main purpose of studying finance is to gain an understanding of the financial performance of a company, corporation or industry. By looking at a company’s financial performance, decisions can be made about many things by many different players. Corporations are rated by different agencies that examine financial records and potential for growth. Fitch ratings are a good example of this. My employer has an A++ Fitch rating. This high rating allows a non-profit company to borrow money at lower interest rates. In a publicly held company, which is one that has shareholders, the main concern is to keep the shareholders happy. Shareholders infuse corporations they believe in (usually based on financial performance) with capital. When a company is considered a poor financial risk, the public will not be in a hurry to buy its stock.
So who is affected by finance? Shareholders, as mentioned previously, are the focus in publicly traded companies. They are not the only people who think about financials, however. The CEO, CFO and any other “C” position have accountability to report to the board about the financial performance of the company. Management is responsible for creating and maintaining both capital and operational budgets. Employees are required to maintain certain standards of productivity. Customers are affected by finances as well. Consider gas prices, and how increased costs in production are passed on to the consumer.
When looking at a company’s finances, there are essentially four items to consider: the income statement, the price earnings ratio, the balance sheet, and the statement of cash flows, (Block, 2005). The income statement is a tool used to measure profitability over a given period of time, i.e. quarterly, annual. The income statement evaluates the cost of producing...
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